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Spending Review 2010 - George Osborne’s plans to cut public sector spending

“Public sector cuts could transform Britain’s not-for-profit second beyond recognition”
(Chris Priestley, partner in Withers charities)

Following the Spending Review 2010 George Osborne’s four year plan (2011/12-2014/15) aims to cut public sector spending by a substantial £81 billion. During 2008/9 a third of the income obtained by the charity sector was received from government funding. This is set to dramatically change with expected severe hits of up to £4.5 billion to their funding.

The areas of greatest significance to the charity sector will include:

    * A reduction in revenue grants to local authorities by 26% over the period.
    * Social housing funding cuts by 60%.
    * Local Government reduced by 27%.
    * Culture, media and sport reduced by 24%.

http://www.bbc.co.uk/news/special_reports/spending_review/

http://www.hm-treasury.gov.uk/spend_index.htm

http://www.ft.com/indepth/spending-review-2010

 

 

Date: 27th October, 2010
Author: Wendy Bambrick

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